On Thursday, the Australian dollar sagged moderately in Asia following dismal trade figures as an apparent deal to lift the American debt ceiling until December 15 came in focus, although traders noted that Trump's willingness to cooperate with Democrats on the extension has turned to be a source of irritation for hard-line Republican leaders.
The currency pair USD/JPY went down 0.12% being worth 109.10. At the same time AUD/USD hit 0.7996, slumping 0.07%.
Australia posted its trade balance surplus for July declined abruptly to A$460 billion, versus a surplus of A$875 million observed.
Estimating the US currency’s strength versus a trade-weighted basket of six main currencies, the US dollar index went down 0.03% trading at 92.18.
Overnight, the evergreen buck revived from session minimums against a basket of key currencies because geopolitical tensions in the Korean peninsula relived, while data disclosing American services sector surge rebounded in August lifted market sentiment.
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
On Wednesday, the evergreen buck managed to jump because Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his Tuesday’s semi-annual congressional testimony…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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